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SBI Mutual Fund

NAV Date 16-04-2019
Fund Name Category NAV NAV Change 1 year %
SBI BlueChip Fund-Reg(G) Equity - Large Cap 39.7 0.3290 02.40
SBI Equity Hybrid Fund-Reg(G) Hybrid - Equity Oriented 135.28 0.6316 06.93
SBI Magnum Equity ESG Fund-Reg(G) Equity - Large Cap 105.6 0.8913 09.77
SBI Magnum Midcap Fund-Reg(G) Equity - Mid Cap 74.97 0.0187 -09.21
SBI Magnum Multicap Fund-Reg(G) Equity - Multi Cap 49.07 0.3662 02.61
SBI Magnum TaxGain'93-Reg(D) Equity - Tax Saving 40.2 0.2166 02.14
SBI Magnum TaxGain'93-Reg(G) Equity - Tax Saving 146.59 0.7897 03.11
SBI Savings Fund-Reg(G) Debt - Liquid 29.02 0.0026 07.31
SBI Banking and PSU Fund(DD)-Direct Plan Debt - Ultra Short Term 1020.4 0.3484 05.90
SBI Banking and PSU Fund(G)-Direct Plan Debt - Ultra Short Term 2144.02 0.7319 07.95
SBI Banking and PSU Fund(MD)-Direct Plan Debt - Ultra Short Term 1089.0 0.3717 06.56
SBI Banking and PSU Fund(MDP)-Direct Plan Debt - Ultra Short Term 1089.0 0.3717 06.56
SBI Banking and PSU Fund(WD)-Direct Plan Debt - Ultra Short Term 1017.61 0.3478 05.84
SBI Banking and PSU Fund(WDP)-Direct Plan Debt - Ultra Short Term 1017.61 0.3478 05.84
SBI Banking and PSU Fund-Reg(DD) Debt - Ultra Short Term 1019.0 0.3354 05.49
SBI Banking and PSU Fund-Reg(G) Debt - Ultra Short Term 2076.48 0.6833 07.41
SBI Banking and PSU Fund-Reg(MD) Debt - Ultra Short Term 1062.87 0.3497 06.00
SBI Banking and PSU Fund-Reg(MDP) Debt - Ultra Short Term 1062.87 0.3497 06.00
SBI Banking and PSU Fund-Reg(WD) Debt - Ultra Short Term 1017.61 0.3349 05.45
SBI Liquid Fund(FDP)-Direct Plan Debt - Liquid 1013.9 0.1937 05.25
SBI Liquid Fund(G) Debt - Liquid 2925.7 0.5510 07.40
SBI Liquid Fund(G)-Direct Plan Debt - Liquid 2938.13 0.5614 07.50
SBI Liquid Fund(WD) Debt - Liquid 1061.86 0.2000 05.28
SBI Liquid Fund(WD)-Direct Plan Debt - Liquid 1061.87 0.2029 05.36
SBI Liquid Fund(WDP)-Direct Plan Debt - Liquid 1061.87 0.2029 05.36
SBI Liquid Fund-Inst(FD) Debt - Liquid 1025.2 0.1931 05.28
SBI Liquid Fund-Inst(G) Debt - Liquid 2953.29 0.5562 07.40
SBI Liquid Fund-Inst(WD) Debt - Liquid 1061.15 0.1995 05.29
SBI Magnum Low Duration Fund(FD) Debt - Ultra Short Term 1029.04 0.1554 05.56
SBI Magnum Low Duration Fund(FD)-Direct Plan Debt - Ultra Short Term 1029.07 0.1594 05.65
SBI Magnum Low Duration Fund(FDP) Debt - Ultra Short Term 1029.04 0.1554 05.56
SBI Magnum Low Duration Fund(FDP)-Direct Plan Debt - Ultra Short Term 1029.07 0.1594 05.65
SBI Magnum Low Duration Fund(G)-Direct Plan Debt - Ultra Short Term 2437.88 0.3775 07.92
SBI Magnum Low Duration Fund(MD) Debt - Ultra Short Term 1116.25 0.1686 06.45
SBI Magnum Low Duration Fund(MD)-Direct Plan Debt - Ultra Short Term 1123.01 0.1740 06.57
SBI Magnum Low Duration Fund(MDP)-Direct Plan Debt - Ultra Short Term 1123.01 0.1740 06.57
SBI Magnum Low Duration Fund-Inst(G) Debt - Ultra Short Term 2466.67 0.3726 07.80
SBI Magnum Ultra Short Duration Fund(DD)-Direct Plan Debt - Liquid 1675.03 0.0000 06.04
SBI Magnum Ultra Short Duration Fund(G)-Direct Plan Debt - Liquid 4181.55 0.8085 08.48
SBI Magnum Ultra Short Duration Fund(WD)-Direct Plan Debt - Liquid 1077.79 0.2084 06.03
SBI Magnum Ultra Short Duration Fund(WDP)-Direct Plan Debt - Liquid 1077.79 0.2084 06.03
SBI Magnum Ultra Short Duration Fund-Reg(DD) Debt - Liquid 1675.03 0.0000 05.94
SBI Magnum Ultra Short Duration Fund-Reg(G) Debt - Liquid 4158.4 0.7926 08.34
SBI Magnum Ultra Short Duration Fund-Reg(WD) Debt - Liquid 1077.79 0.2055 05.94
SBI Overnight Fund(G)-Direct Plan Debt - Liquid 3100.8 0.4949 06.30
SBI Overnight Fund(WD)-Direct Plan Debt - Liquid 1031.85 0.1647 04.60
SBI Overnight Fund(WDP)-Direct Plan Debt - Liquid 1031.85 0.1647 04.60
SBI Overnight Fund-Reg(G) Debt - Liquid 3075.04 0.4850 06.24
SBI Overnight Fund-Reg(WD) Debt - Liquid 1031.84 0.1627 04.46
SBI-ETF Gold Equity - ETF 2866.34 6.9121 00.44
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SBI Mutual Fund (SBIMF) is a joint venture of State Bank of India (SBI) with AMUNDI (France), one amongst the top fund management firms in the world. Headquartered in Mumbai, it is managed by SBI Funds Management Pvt. Ltd. which has a track record of over 30 years of in fund management. The trustee company to the SBI Mutual Fund is the SBI Mutual Fund Trustee Company Private Limited. During the period 2016-17, SBI Mutual Fund was able to achieve a growth of 47.05% on the basis of its average Assets Under Management (AUM). In the same year, it emerged as India’s largest Exchange Traded Funds (ETF) asset manager with AUM of Rs.23,816 crore. The fund house has 165 branches across India and as of March 2017, it has 57,004 AMFI certified agents. SBI Mutual Fund has more than 222 points of acceptance in the country and their main aim is the delivery of value and to replenish the trust of the investors. With a mammoth customer base of more than 5.4 million investors, the SBI Mutual Fund is one of the largest mutual funds in India.

SBI Mutual Fund
SBI Mutual Fund

SBI Mutual Fund Key Features and Advantages:

The key features of the SBI Mutual Fund can be summed up as follows:

  1. SBI Mutual Fund offers around 61 schemes which are spread across different categories. This helps meet the investment objectives of different types of investors.
  2. The SBI Mutual Fund delivers value and retains the trust of the investors through a huge network of more than 222 points of acceptance around the country.
  3. The main philosophy of the SBI Mutual Fund is ‘growth through innovation’. It sticks to the philosophy. The investment policies have been set up accordingly.
  4. With more than 5.4 million investors across the country, the SBI Mutual Fund is one of the biggest investment management firms in the country.
  5. It is one of the most reliable and one of the fastest growing mutual funds in India.

SBI Mutual Fund Account Statement:

The status of your account statement under the SBI Mutual Fund can be checked online. The following steps are required to be followed to check the status of the account statement:

  1. You need to visit the official website of the SBI Mutual Fund at www.sbimf.com.
  2. On the homepage of SBI Mutual Fund click on the ‘Investor Corner’ option from the top menu.
  3. This will give you a drop-down menu.
  4. From the drop-down menu, select the ‘Statement of Account’ option. This will take you to a new webpage.
  5. On the ‘Mutual Fund Statement of Account’ page, select the option of ‘Folio’ or ‘PAN’.
  6. Under this option, you have to enter your Folio Number or your Permanent Account Number (PAN) to proceed.
  7. You can tick the checkbox next to the ‘Schedule Statement of Account’ and select a frequency from ‘Weekly’, ‘Monthly’, or ‘Quarterly’.
  8. Click on ‘SUBMIT’ and an email will be sent to the email ID which is registered with the SBI Mutual Fund. In case you have not registered your email ID, an option is provided on the same page where you can register your email ID. It is important to register your email ID as the statement of account will be sent to the email ID.

Types of funds offered by SBI Mutual Fund

SBI Mutual Fund offers 61 schemes across the categories - equity, debt, hybrid, solution-oriented and index funds.

Equity Funds by SBI Mutual Fund

Equity funds predominantly invest in stocks and hence, are sometimes also referred to as stock funds. In the equity category, SBI Mutual Fund offers 26 schemes (18 open-ended schemes and 8 close-ended schemes), the brief features of which are given below:

  1. SBI Magnum Midcap Fund - It is an open-ended growth scheme that helps investors earn profits on their investments over a long term and this is achieved by concentrating investments on equity stocks of mid cap companies.
    1. Investment Objective - To provide investors with a chance to grow their capital and offer liquidity of an open-ended scheme by investing in the stocks of mid cap companies.
    2. Ideal for - Investors who are willing to take high risks and wish to grow their investments over a longer duration.

    Scheme features:

    Benchmark Index

    Nifty Midcap 150 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% entry load on exiting the scheme within 1 year. No entry load for exiting after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Ms. Sohini Andani

  2. SBI Magnum Multicap Fund - It is an open-ended growth scheme which actively manages investments in equity stocks that are diverse and spans the complete market capitalisation spectrum.
    1. Investment Objective - To provide long term capital growth to investors while also offering the liquidity that an open-ended scheme furnishes by investing in a diversified portfolio of equity stocks.
    2. Ideal for - Investors with an appetite for risks and who wish to earn profitable returns on their investments.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.1,000

    Entry Load

    Not Applicable

    Exit Load

    1% entry load on exiting the scheme within 12 months from unit allotment date. No entry load for exiting a scheme after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. Anup Upadhyay

  3. SBI Bluechip Fund - It is an open-ended growth scheme that presents investors with an opportunity to grow their capital over a long term by investing in equities of companies with large market capitalisation.
    1. Investment Objective - To generate long term capital gains for the investor by concentrating its investments in equities of large cap firms through active management of investments.
    2. Ideal for - Investors who seek capital appreciation over a long term and who are willing to take high risks.

    Scheme features:

    Benchmark Index

    S&P BSE 100 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date

    Riskometer

    Moderately High

    Fund Manager

    Ms. Sohini Andani

  4. SBI Magnum Equity ESG Fund - This is an open-ended equity scheme that invests in companies following the ESG (Environmental, Social, and Governance) framework where the value of a security will be determined by the ESG scores.
    1. Investment Objective - To provide gainful returns to the investor by actively managing the investments in a diversified bouquet of companies following ESG norms.
    2. Ideal for - Investors with a high-risk appetite and who wish to grow their investments over a long term.

    Scheme features:

    Benchmark Index

    Nifty 100 ESG Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.1,000

    Entry Load

    Not Applicable

    Exit Load

    Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date

    Riskometer

    High

    Fund Manager

    Mr. Ruchit Mehta

  5. SBI Large and Midcap Fund - This scheme was earlier known as SBI Magnum Multiplier Fund and is an open-ended equity scheme that invests in large and mid cap stocks.
    1. Investment Objective - To offer the investor a chance to grow their capital over a long term by investing in a portfolio that predominantly consists of equities of large and mid cap companies.
    2. Ideal for - Investors with a high-risk appetite and who wish to gain capital appreciation over a long term.

    Scheme features:

    Benchmark Index

    S&P BSE Large Mid Cap

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date

    Riskometer

    Moderately High

    Fund Manager

    Mr. Saurabh Pant

  6. SBI Magnum Tax Gain Scheme - This is an open-ended equity linked savings scheme that has a statutory 3 year lock-in period and invests in a mix of equity, equity-related instruments, debt securities, and money market instruments.
    1. Investment Objective - To provide investment benefits to the investor by investing in a portfolio consisting of mainly equities while also offering tax benefits under Section 80C of the Income Tax Act, 1961.
    2. Ideal for - Investors who wish to enjoy tax benefits while achieving capital appreciation.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dinesh Balachandran

  7. SBI Magnum Global Fund - It is an open-ended equity scheme that follows a bottom-up approach to choose companies that are categorised as an MNC (Multinational Company). MNCs are companies whose major stocks are held by a foreign entity, listed internationally, and whose 50% turnover or more comes from regions outside India.
    1. Investment Objective - To offer investors an opportunity to achieve maximum growth of capital by investing in multinational companies possessing high growth potential.
    2. Ideal for - Investors who wish to grow their capital over long term and who wish to invest in stocks belonging to MNCs.

    Scheme features:

    Benchmark Index

    Nifty MNC

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Exit load of 1% for exiting within 1 year from allotment date. No exit load for exiting after 1 year from allotment date

    Riskometer

    High

    Fund Manager

    Mr. Anup Upadhyay

  8. SBI Consumption Opportunities Fund - Earlier known as SBI FMCG Fund, this scheme is an open-ended equity scheme that follows the consumption theme while investing. It follows a bottom-up strategy while choosing stocks and always picks companies in the consumption segment.
    1. Investment Objective - To present a chance to investors to grow their capital by concentrating investments in equities of companies in the consumption space.
    2. Ideal for - Investors who seek capital gains over a long term and wish to invest in stocks of Fast Moving Consumer Goods (FMCG) companies.

    Scheme features:

    Benchmark Index

    Nifty India Consumption Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    0.50% - For exiting within 15 days from allotment date.

    No entry load will be charged for exiting after 15 days

    Riskometer

    High

    Fund Manager

    Mr. Saurabh Pant

  9. SBI Technology Opportunities Fund - This scheme was previously known as the SBI IT Fund and is an open-ended equity scheme that primarily invests in equities of technology firms. While investing, the scheme picks companies that are capable of huge growth by using the latest technologies.
    1. Investment Objective - To allow investors to derive maximum growth on their investments by investing in equities of IT companies with high growth potential.
    2. Ideal for - Investors who wish to grow their capital over long term and wish to take advantage of technology companies possessing huge growth potential to fetch good returns.

    Scheme features:

    Benchmark Index

    S&P BSE Teck Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    0.50% - For exiting within 15 days from allotment date.

    No entry load will be charged for exiting after 15 days

    Riskometer

    High

    Fund Manager

    Mr. Anup Upadhyay

  10. SBI Healthcare Opportunities Fund - Earlier known as SBI Pharma Fund, this is an open-ended equity scheme that concentrates its investments in equities of healthcare firms.
    1. Investment Objective - To fetch maximum capital appreciation for the investor by investing in equity stocks of companies of healthcare sector.
    2. Ideal for - Investors seeking capital gains over a long term and who wish to invest in equities of healthcare companies.

    Scheme features:

    Benchmark Index

    S&P BSE Healthcare Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    0.50% for exiting within 15 days from allotment date. No exit load for exiting after 15 days.

    Riskometer

    High

    Fund Manager

    Mr. Tanmaya Desai

  11. SBI Contra Fund - This is an open-ended equity scheme that follows the contrarian investment approach which is characterised by purchasing assets that aren’t performing well and selling them when they show good performance.
    1. Investment Objective - To provide an opportunity to investors to grow their investments over a long term by investing in a portfolio of equity and its associated securities by adopting the strategy of contrarian investment.
    2. Ideal for - Investors who wish to derive maximum growth out of their investments.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    If exited before 1 year from allotment date, exit load of 1% will apply. No exit load for exiting after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dinesh Balachandran

  12. SBI Focussed Equity Fund - This scheme was previously known as SBI Emerging Businesses Fund and it is an open-ended scheme that predominantly invests in a maximum of 30 stocks across multicap sectors.
    1. Investment Objective - To provide an opportunity to investors to achieve capital gains by investing in a mix of equity and equity-related securities.
    2. Ideal for - Investors seeking capital appreciation and who have a high-risk appetite.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    If exited before 1 year from allotment date, exit load of 1% will apply. No exit load for exiting after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. R Srinivasan

  13. SBI Magnum Comma Fund - This is an open-ended equity scheme that invests in commodity and commodity related segments such as Oil and Gas (Petrochemicals, Gas, Power, etc.), Materials (Jute, Paper, Cement, etc.), Metals (Aluminium, Zinc, Copper, Silver, Bullion, etc.), Textiles, Agriculture (Tea, Sugar, Edible Oil, etc.).
    1. Investment Objective - To create growth opportunities and provide consistent returns of investment by investing mainly in portfolios the equities of firms engaged in commodity related business.
    2. Ideal for - Investors seeking capital growth over a long term and who wish to invest in commodity related stocks.

    Scheme features:

    Benchmark Index

    NIFTY Commodities Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit

    Riskometer

    High

    Fund Manager

    Mr. Richard D’souza

  14. SBI Infrastructure Fund - This open-ended growth scheme was previously known as SBI Infrastructure Fund Series I and its primary investment is on infrastructure and its allied sectors.
    1. Investment Objective - To offer investors a chance to grow their capital over a long term through an active portfolio management of infrastructure-related stocks and also in debt and money market securities.
    2. Ideal for - Investors who wish to grow their investments and have a high appetite for risk.

    Scheme features:

    Benchmark Index

    NIFTY Infrastructure Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit

    Riskometer

    High

    Fund Manager

    Mr. Richard D’souza

  15. SBI PSU Fund - This is an open-ended equity scheme that invests in equities of Public Sector Undertakings (PSUs) and their subsidiaries. It also allocates a portion of the investments in debt securities and money-market instruments.
    1. Investment Objective - To offer long term capital appreciation opportunities to the investor by actively managing the portfolios consisting of stocks of PSU and its subsidiaries.
    2. Ideal for - Investors who wish to gain capital appreciation and who wish to invest in stocks of domestic PSUs.

    Scheme features:

    Benchmark Index

    S&P BSE PSU Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% exit load will apply for exit before 12 months from allotment date. No exit load will apply for redemption/exit

    Riskometer

    High

    Fund Manager

    Mr. Richard D’souza

  16. SBI Tax Advantage Fund - Series II - This is a 10-year close-ended equity linked savings scheme whose new fund offer was opened for subscription from 22 December 2011 to 21 March 2012.
    1. Investment Objective - To create capital gains over a period of 10 years by primarily investing in equity and associated instruments of large, mid, and small cap companies while also offering tax benefit.
    2. Ideal for - Investors seeking capital appreciation over a period of 10 years.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500 during New Fund Offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  17. SBI Smallcap Fund - This scheme was previously called SBI Small & Midcap Fund and is an open-ended equity scheme that invests in stocks of small cap companies
    1. Investment Objective - To generate capital gains to the investor while also providing liquidity by investing in equities of small cap firms with high growth potential.
    2. Ideal for - Investors who wish to achieve capital appreciation over a long term and who wish to invest in a diversified basket of equities of small cap companies.

    Scheme features:

    Benchmark Index

    S&P BSE Small Cap Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% on exiting before 1 year from allotment date. No exit load applies on exiting after 1 year from allotment date.

    Riskometer

    Moderately High

    Fund Manager

    Mr. R Srinivasan

  18. SBI Gold Fund - This is an open-ended Fund of Fund scheme that invests in SBI ETF Gold and was previously known as SBI GETS.
    1. Investment Objective - To offer capital appreciation to investors closely matching the returns given by SBI-ETF Gold.
    2. Ideal for - Investors who wish to invest in SBI-ETF Gold and who wish to grow their capital over a long term.

    Scheme features:

    Benchmark Index

    Price of Gold

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% exit load for exit before 1 year from allotment date. No exit load will apply after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

Close-ended equity schemes

  1. SBI Tax Advantage Fund - Series III - This is a 10-year close-ended equity-linked savings scheme whose new fund offer was open for subscription between 28 December 2013 and 27 March 2014.
    1. Investment Objective - To generate capital gains for the investor in a term of 10 years by investing mainly in equity and equity-related instruments while also offering tax benefits.
    2. Ideal for - Investors who wish to enjoy tax benefits while also achieving capital appreciation.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500 during new fund offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  2. SBI Long Term Advantage Fund - Series I - It is a 10-year close-ended equity linked savings scheme whose new fund offer was open for subscription from 1 November 2014 to 31 January 2015.
    1. Investment Objective - To provide an opportunity to investors to grow their investment while also offering tax benefits. Capital appreciation will be achieved by investing in equities and its associated instruments.
    2. Ideal for - Investors seeking capital growth over 10 years and who wish to invest in equity and equity-related securities.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500 during new fund offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  3. SBI Long Term Advantage Fund - Series II - This is a 10-year close-ended equity-linked savings scheme that was open for subscription from 22 December 2014 to 23 March 2015. The scheme predominantly invests in equities, fully convertible debentures, and cumulative convertible preference stocks of firms.
    1. Investment Objective - To provide investors an opportunity to grow their investments over a 10-year period by making investments in equity and its associated instruments.
    2. Ideal for - Investors who are seeking capital appreciation and who wish to invest in equity-related securities while also saving tax.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500 during new fund offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  4. SBI Banking and Financial Services Fund - This is an open-ended equity scheme that invests mainly in the banking and financial services sector including Non Banking Financial Institutions (NBFCs), brokerage firms, insurance firms, microfinance companies, rating agencies, wealth management firms, etc.
    1. Investment Objective - To create capital appreciation for investors from a portfolio comprising stocks of companies engaged in financial and banking activities.
    2. Ideal for - Investors who wish to grow their investments through a portfolio of equity and its associated securities of financial and banking institutions.

    Scheme features:

    Benchmark Index

    Nifty Financial Services Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% for exiting before 1 year from allotment date. No exit load for exiting after 1 year from allotment date

    Riskometer

    High

    Fund Manager

    Ms. Sohini Andani

  5. SBI Equity Opportunities Fund - Series IV - This is a close-ended equity scheme that was open for subscription from 7 October 2015 to 21 October 2015. The duration of the scheme is 3 years and the scheme invests in equity and its associated securities.
    1. Investment Objective - To offer capital gains for the investor by investing in a diversified portfolio of equity and its associated securities.
    2. Ideal for - Investors who wish to grow their capital and who have a high appetite for risk.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000 during new fund offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  6. SBI Long Term Advantage Fund - Series III - This is a 10-year close-ended equity linked savings scheme that allocates its investments in equities, fully convertible debentures, and cumulative convertible preference stocks.
    1. Investment Objective - To create capital gains for the investor by concentrating its investment in equity and equity-related securities while also letting the investor enjoy tax benefits.
    2. Ideal for - Investors who wish to reap tax benefits and grow their capital.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500 during new fund offer

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dharmendra Grover

  7. SBI Long Term Advantage Fund - Series IV - This is a 10-year close-ended equity-linked savings scheme, the subscription of which is yet to be confirmed. The scheme will offer tax saving benefits to the investor and will invest in equity and its associated instruments.
    1. Investment Objective - To create capital appreciation for the investor by concentrating its instruments on equity and its related securities.
    2. Ideal for - Investors who wish to save tax while growing their capital.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. R Srinivasan

  8. SBI Long Term Advantage Fund - Series V - This is a 10-year close-ended equity scheme that will invest a major portion in equities, bonds, cumulative convertible preference shares, debentures and a small portion in money market instruments. The scheme will have a 3 year lock-in period from allotment date.
    1. Investment Objective - By investing in equity and its associated securities, the scheme’s objective is to create capital gains for the investor while also offering tax benefits.
    2. Ideal for - Investors who wish to enjoy tax benefits under Section 80C of the Income Tax Act, 1961 and grow their capital at the same time.

    Scheme features:

    Benchmark Index

    S&P BSE 500 Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. R Srinivasan

Debt Funds by SBI Mutual Fund

Debt funds mainly invest in fixed income securities, bonds, and money market instruments. SBI Mutual Fund offers 13 open-ended schemes in this category, the features of which are given below:

  1. SBI Magnum Income Fund - This is an open-ended debt scheme that invests on the basis of continuous evaluation of market dynamics, macro-economic factors, and debt-issuer specific factors. By actively managing the credit risk, the scheme aims to offer attractive returns to the investor.
    1. Investment Objective - To offer an opportunity to investors to grow their investment as per their requirements and providing a regular income in the form of dividends by investing in debt securities.
    2. Ideal for - Investors who wish to earn a regular income over medium to long term and invest in debt instruments.

    Scheme features:

    Benchmark Index

    CRISIL Composite Bond Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exiting before 1 year: No exit load for 10% of the investment, 1% for rest of the investment. No exit load will be charged on exiting after 1 year from allotment date

    Riskometer

    Moderate

    Fund Manager

    Mr. Dinesh Ahuja

  2. SBI Overnight Fund - Earlier known as SBI Magnum InstaCash Fund-Liquid Floater, this open-ended debt scheme invests in overnight securities to produce returns that correspond to overnight money market rates. Overnight securities are ones which mature on the next business day and include reverse repo and CBLO.
    1. Investment Objective - To present investors with an opportunity to invest in securities that mature overnight and grow their capital.
    2. Ideal for - Investors who are interested in making investments in overnight securities and generate regular income over a short term.

    Scheme features:

    Benchmark Index

    CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Low

    Fund Manager

    Mr. R Arun

  3. SBI Magnum Medium Duration Fund - Previously known as SBI Regular Savings Fund, this is an open-ended medium term scheme that invests in instruments fulfilling the Macaulay Duration of 3 years and 4 years. Macaulay Duration measures the average life of an asset/security.
    1. Investment Objective - To give a chance to investors to fetch attractive returns on their investment as well as enjoy liquidity by investing in debt securities and money market instruments.
    2. Ideal for - Investors who wish to receive a regular income over a medium term and who prefer investing in debt and money market instruments.

    Scheme features:

    Benchmark Index

    Nifty Medium Duration Debt Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exit within 1 year from allotment date: No exit load for 8% of the investment, for the remaining investment 1.5% exit load will be charged. No exit load for exiting after 1 year

    Riskometer

    Moderate

    Fund Manager

    Mr. Dinesh Ahuja

  4. SBI Liquid Fund - This is an open-ended scheme that was previously called as SBI Premier Liquid Fund that invests in a complete range of debt and money market instruments so as to provide attractive returns. The scheme offers low risks and high liquidity to investors.
    1. Investment Objective - To provide an opportunity to investors to grow their capital by investing in a complete range of debt instruments including debt derivatives, and also in money market instruments with a residual maturity of up to 91 days.
    2. Ideal for - Investors looking for regular income for short term and who prefer investing in debt and money market instruments.

    Scheme features:

    Benchmark Index

    CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.50,000 for every plan other than the Growth plan for which the minimum investment is Rs.5,000

    Entry Load/Exit Load

    Not Applicable

    SIP Option

    Not Available

    Riskometer

    Low

    Fund Manager

    Mr. R Arun

  5. SBI Dynamic Bond Fund - This is an open-ended dynamic debt scheme that invests in superior quality debt securities with varied maturities. The scheme follows a strategy of active duration management.
    1. Investment Objective - To fetch attractive returns for the investor by investing in superior quality debt securities with varying maturities.
    2. Ideal for - Investors seeking capital growth and who wish to receive regular income over a medium term.

    Scheme features:

    Benchmark Index

    CRISIL Composite Bond Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exiting before 1 month from allotment date: No exit load for 10% of investment. For remaining investment, exit load of 0.25% will apply. No exit load for exiting after 1 month.

    Riskometer

    Moderate

    Fund Manager

    Mr. Dinesh Ahuja

  6. SBI Magnum Ultra Short Duration Fund - This open-ended ultra-short liquid scheme was earlier known as SBI Magnum InstaCash Fund and invests in a portfolio that fulfills the Macaulay Duration of 3 months to 6 months.
    1. Investment Objective - To provide a chance to investors to generate frequent income while also offering high liquidity by investing mainly in debt securities (central and state government securities, debt derivatives, etc) and money market instruments.
    2. Ideal for - Investors who wish to receive regular income over short term and who prefer to invest in debt securities and money market instruments.

    Scheme features:

    Benchmark Index

    CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load/Exit Load

    Not Applicable

    SIP Option

    Not Available

    Riskometer

    Low

    Fund Manager

    Mr. Rajeev Radhakrishnan

  7. SBI Magnum Constant Maturity Fund - This scheme was previously known as SBI Magnum Gilt Fund-Short Term Plan and is an open-ended gilt fund scheme that invests in government securities with a constant maturity of around 10 years.
    1. Investment Objective - To generate attractive returns for the investor by investing in government securities, both central and state, with an average maturity of 10 years.
    2. Ideal for - Investors who wish to have a regular income and prefer to invest in government securities.

    Scheme features:

    Benchmark Index

    CRISIL 10 Year Gilt Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderate

    Fund Manager

    Mr. Mahak Khabla (Since May 2018)

  8. SBI Magnum Low Duration Fund - This fund was previously known as SBI Ultra Short Term Debt Fund and is a low duration open-ended debt scheme that invests in portfolios which exhibit Macaulay Duration of 6 months to 12 months.
    1. Investment Objective - To present an opportunity to investors to achieve regular income and reasonable liquidity by investing in debt securities with Macaulay Duration of 6-12 months.
    2. Ideal for - Investors looking to generate frequent income and who wish to invest in debt securities such as government securities, debt derivatives, etc.

    Scheme features:

    Benchmark Index

    CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately Low

    Fund Manager

    Mr. Rajeev Radhakrishnan

  9. SBI Short Term Debt Fund - This is an open-ended short-term debt scheme that invests in instruments having a Macaulay Duration between 1 year and 3 years. Before investing, the market dynamics, macro-economic factors, and debt-issuer factors will be evaluated.
    1. Investment Objective - To generate gainful returns for the investor by investing in a portfolio of debt securities that meets the Macaulay Duration of 1 to 3 years.
    2. Ideal for - Investors looking for regular income over a short term and who wish to invest in debt securities.

    Scheme features:

    Benchmark Index

    CRISIL Short Term Bond Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately Low

    Fund Manager

    Mr. Rajeev Radhakrishnan

  10. SBI Magnum Gilt Fund - This open-ended debt fund was previously called as SBI Magnum Gilt Fund-Long Term Plan and it invests in government securities (central and state) across all maturities. Government securities are free of risks and this scheme generates capital gains by active management of risks related to interest rates.
    1. Investment Objective - To fetch investment appreciation for the investor by investing in risk-free government securities of both state and central governments.
    2. Ideal for - Investors who desire to invest in risk-free securities but grow their capital over a medium and long term.

    Scheme features:

    Benchmark Index

    CRISIL Dynamic Gilt Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderate

    Fund Manager

    Mr. Dinesh Ahuja

  11. SBI Credit Risk Fund - Earlier known as SBI Corporate Bond Fund, this open-ended debt scheme primarily invests in AA corporate bonds and bonds rated below it.
    1. Investment Objective - To provide liquidity to the investor along with capital appreciation by investing in AA corporate bonds and the bonds rated below AA.
    2. Ideal for - Investors who seek regular income over medium term and liquidity.

    Scheme features:

    Benchmark Index

    CRISIL Composite Bond Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exiting before 1 year from unit allotment date: No exit load for 8% of investment. For remaining investment, exit load of 3% will apply.

    For exit after 1 year but before 2 years: No exit load for 8% of investment. For the remaining investment, exit load of 1.5% will apply.

    For exit after 2 years but before 3 years: No exit load for 8% of investment. For remaining investment, 0.75% exit load will apply.

    No exit load for exit after 3 years.

    Riskometer

    Moderate

    Fund Manager

    Mr. Lokesh Mallya and Ms. Mansi Sajeja

  12. SBI Savings Fund - This is an open-ended debt scheme that invests only in money market instruments such as Commercial Papers (CP), Treasury Bills, Certificates of Deposit (CD), Commercial Bills, call or notice money, government securities with a maturity of up to 1 year, Usance Bills, etc.
    1. Investment Objective - To grow the capital of investors by investing in money market instruments as defined by the SEBI/RBI from time to time.
    2. Ideal for - Investors who seek regular income over a short term and prefer to invest in money market instruments.

    Scheme features:

    Benchmark Index

    CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.500

    Entry Load

    Not Applicable

    Exit Load

    0.1% for exit before 3 business days from the units allotment date. No exit load will apply after 3 business days

    Riskometer

    Moderately Low

    Fund Manager

    Mr. R Arun

  13. SBI Banking and PSU Fund - Previously known as SBI Treasury advantage Fund, this open-ended debt scheme invests a major portion in debt securities of Public Financial Institutions (PFIs), Public Sector Undertakings (PSUs), banks, and municipal bodies. The fund also allocates a small portion of its investments on government securities and other money market instruments.
    1. Investment Objective - To create a source of regular income for the investor by investing in a judicious portfolio consisting of banks, PSUs, PFIs, and municipal bodies.
    2. Ideal for - Investors who wish to receive regular income on their capital over medium term.

    Scheme features:

    Benchmark Index

    CRISIL 1 year CD Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderate

    Fund Manager

    Mr. Rajeev Radhakrishnan

Hybrid Schemes by SBI Mutual Fund

In the hybrid category, SBI Mutual Fund has 14 (8 open-ended and 6 close-ended) schemes. All the schemes have been briefly explained below:

  1. SBI Equity Hybrid Fund - Earlier known as SBI Magnum Balanced Fund, this is an open-ended hybrid scheme whose main investment is in equity and equity-related securities. It also allocates a portion of its investments on debt instruments (including securitised debt and money market instruments).
    1. Investment Objective - To offer liquidity and capital appreciation to the investors over a long term by investing in a basket of equities of companies with high growth potential. The scheme also mitigates risk by investing in fixed income securities.
    2. Ideal for - Investors who seek capital appreciation and wish to invest in a mix of equity and debt instruments.

    Scheme features:

    Benchmark Index

    CRISIL Hybrid 35+65 - Aggressive Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.1,000

    Entry Load

    Not Applicable

    Exit Load

    For exit before 1 year from allotment date: No exit load for 10% of the investment. For the remaining investment, 1% exit load will apply. No exit load for exiting after 1 year.

    Riskometer

    Moderately High

    Fund Manager

    Mr. R Srinivasan (Equity) and Mr. Dinesh Ahuja (Debt)

  2. SBI Debt Hybrid Fund - Previously known as the SBI Magnum Monthly Income Plan, this open-ended hybrid scheme invests primarily on debt securities. Its secondary investment is made in equity and other associated instruments.
    1. Investment Objective - To present investors with an opportunity to grow their capital through investments predominantly in debt and money market instruments. It also invests up to 25% of its investment on equity and associated instruments.
    2. Ideal for - Investors looking for regular income and capital growth. Also, ideal for investors who wish to invest in a mix of debt and equity-related securities.

    Scheme features:

    Benchmark Index

    CRISIL Hybrid 85+15 - Conservative Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exit before 1 year from allotment date: No exit load for 10% of the investment. For the remaining investment, 1% exit load will apply. No exit load for exiting after 1 year.

    Riskometer

    Moderate

    Fund Manager

    Mr. Dinesh Ahuja (Debt) and Mr. Ruchit Mehta (Equity)

  3. SBI Multi Asset Allocation Fund - This scheme was previously known as the SBI Magnum Monthly Income Plan - Floater and is an open-ended scheme that invests in equity, debt, gold and its associated securities.
    1. Investment Objective - To present investors with an opportunity to grow their capital by investing in multiple assets through active management of portfolio.
    2. Ideal for - Investors who wish to diversify their portfolio by investing in a mix of fixed income instruments, equity and its associated securities.

    Scheme features:

    Benchmark Index

    ? Nifty + ? CRISIL Composite Bond Fund Index +? Price of Gold

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    For exit before 1 year from allotment date: No exit load for 10% of the investment. For the remaining investment, 1% exit load will apply. No exit load for exiting after 1 year.

    Riskometer

    Moderately High

    Fund Manager

    Mr. Ruchit Mehta

  4. SBI Arbitrage Opportunities Fund - This is an open-ended scheme that invests in arbitrage opportunities that arise due to inefficiencies in the market.
    1. Investment Objective - To offer capital gains to the investor by identifying arbitrage opportunities that are profitable while also investing in derivatives (index futures, stock futures, index options, etc.) and fixed income securities.
    2. Ideal for - Investors who wish to invest for a short term and are looking at exploiting profitable arbitrage opportunities to grow their capital. Also, ideal for investors who seek regular income.

    Scheme features:

    Benchmark Index

    NIFTY50 Arbitrage Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    0.50% for exiting within 1 month from the allotment date. No exit load for exiting after 1 month from the allotment date

    Riskometer

    Moderately Low

    Fund Manager

    Mr. Neeraj Kumar

  5. SBI Dynamic Asset Allocation Fund - This is an open-ended dynamic asset allocation scheme that allocates its investments in favorable asset classes. The scheme will allocate capital in equity, debt, and cash based on 3 principles of momentum, exhaustion of momentum, and rate of change in momentum.
    1. Investment Objective - To offer capital gains to the investor over long term by allocating investments in dynamic debt and equity securities.
    2. Ideal for - Investors seeking capital appreciation and regular income over long term.

    Scheme features:

    Benchmark Index

    50% CRISIL 1 year CD Index + 50% BSE S&P Sensex

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    1% exit load for exit before 1 year from unit allotment date. No exit load for exit after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. Dinesh Balachandran and Mr. Mohit Jain

  6. SBI Equity Savings Fund - This is an open-ended scheme that invests in equity, debt, and arbitrage. A major portion of the assets is allocated to arbitrage opportunities in equity and its associated instruments including derivatives and some portion of the assets are allocated to debt securities.
    1. Investment Objective - To offer capital appreciation and regular income to the investor through investment in arbitrage opportunities in derivatives and cash segment of the equity market.
    2. Ideal for - Investors looking to achieve good returns and regular income on their investment.

    Scheme features:

    Benchmark Index

    35% Nifty 50 Arbitrage Index + 35% Nifty 50 + 30% CRISIL Liquid Fund Index

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.1,000

    Entry Load

    Not Applicable

    Exit Load

    For exit before 1 year from allotment date: No exit load for 9% of the investment. For rest of the investment, 1% exit load will apply. No exit load for exiting after 1 year

    Riskometer

    Moderately High

    Fund Manager

    Mr. Ruchit Mehta and Mr. Neeraj Kumar

Close-ended hybrid schemes

In the close-ended category of hybrid funds, SBI Mutual Fund offers 6 schemes. Close-ended schemes are those in which units can be purchased only during the New Fund Offer (NFO) period. All these schemes invest in a mixture of equity and debt securities. The investment objective of these schemes is to generate capital gains for the investor.

The other features of all the schemes have been given below:

Scheme features:

Scheme Name

Tenure of the fund

Fund Manager

Riskometer

Minimum Investment Amount

New Fund Offer Period

Benchmark

SBI Dual Advantage Fund - Series X

1111 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

29 July 2015 to 12 August 2015

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XI

1111 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

8 September 2015 to 22 September 2015

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XII

1221 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

-

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XIII

1171 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

5 January 2016 to 19 January 2016

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XIV

1131 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

17 February 2016 to 2 March 2016

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XV

1100 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

15 March 2016 to 29 March 2016

CRISIL MIP Blended Fund Index

SBI Dual Advantage Fund - Series XVI

1100 days

Mr. Rajeev Radhakrishnan and Mr. Ruchit Mehta

Moderately High

Rs.5,000 during NFO

-

CRISIL MIP Blended Fund Index

Solution-oriented schemes from SBI Mutual Fund

In this category, SBI Mutual Fund offers one scheme known as SBI Magnum Children’s Benefit Plan. The proportion of investment in the type of securities will be done according to interest rates, economic conditions, liquidity, and risks associated. A small portion (up to 25%) of the capital will be invested in equity and its related instruments.

The scheme can also be classified under the open-ended hybrid scheme and has a lock-in period of at least 5 years or till the maturity of the child.

  1. Investment objective - To offer attractive returns to the investor by investing in a mix of equity (including derivatives), debt securities (including government securities), and securitised debt.
  2. Ideal for - Investors looking to grow their capital and who prefer to invest in a mix of equity and debt instruments.

Scheme features:

Benchmark Index

CRISIL Hybrid 85 + 15 - Conservative Index

Investment Options

Growth

Minimum Investment

Rs.5,000

Entry Load

Not Applicable

Exit Load

For exit before 1 year, exit load of 3% will apply. 2% exit load for exit before 2 years. 1% exit load for exit before 3 years. No exit load for exit after 3 years.

Riskometer

Moderately High

Fund Manager

Mr. Rajeev Radhakrishnan

Other schemes by SBI Mutual Fund

Under this category, SBI Mutual Fund has 9 schemes (including ETFs and Index Funds) and all of them have been described below:

  1. SBI Nifty Index Fund - This is an open-ended index fund that was previously known as SBI Magnum Index Fund and the fund invests in stocks consisting of the Nifty 50 Index in the same proportion as in the index. The returns achieved by the scheme will be on par with the Total Returns Index of the Nifty 50 Index.
    1. Investment objective - To produce capital returns for the investor by adopting a passive investment approach of investing in stocks that comprise the Nifty 50 Index.
    2. Ideal for - Investors who wish to grow their capital over a long term and wish to achieve returns similar to the one offered by Nifty 50 Index.

    Scheme features:

    Benchmark Index

    Nifty 50 Index

    Total Expense Ratio

    0.65% - Regular Plan

    0.25% - Direct Plan

    Investment Options

    Growth and Dividend

    Minimum Investment

    Rs.5,000

    Entry Load

    Not Applicable

    Exit Load

    0.2% for exit before 15 days of unit allotment date. No exit load after 15 days of allotment.

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  2. SBI ETF Gold - This is an open-ended Gold Exchange Traded scheme that invests in gold and its related instruments. The scheme aims to monitor gold prices. Just like stocks, the units of this scheme can be purchased and sold on the National Stock Exchange (NSE).
    1. Investment objective - To generate attractive returns resembling the returns offered by gold prices through investment in physical gold. However, due to tracking error, the performance of the scheme may slightly differ from the underlying asset i.e, gold.
    2. Ideal for - Investors who wish to invest in physical gold but do not want the hassle of storing or safeguarding it.

    Scheme features:

    Benchmark Index

    Price of Gold

    Total Expense Ratio

    1.049% (inclusive of GST on management fees)

    Investment Options

    Growth

    Minimum Investment

    Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (1,000 units)

    On the exchange - 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  3. SBI ETF Sensex - It is an open-ended exchange traded scheme that tracks the S&P BSE Sensex Index and has a low expense ratio when compared with other mutual fund schemes that are actively managed. Investment in this scheme entitles investors to reap tax benefits under RGESS.
    1. Investment objective - To provide returns resembling the returns offered by S&P BSE Sensex by holding its stocks in the same proportion.
    2. Ideal for - Investors seeking capital gains over a long term and prefer investing in securities of S&P BSE Sensex.

    Scheme features:

    Benchmark Index

    S&P BSE Sensex

    Total Expense Ratio

    0.069% (inclusive of GST on management fees)

    Investment Options

    Not available

    Minimum Investment

    Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (2,000 units)

    On the exchange - 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  4. SBI - ETF Nifty Next 50 - It is an open-ended scheme that monitors the Nifty Next 50 Index and aims to harness the growth prospects of firms to generate good returns. Subscription to the units of the SBI ETF Nifty Next 50 scheme can be done only through Dematerialised (electronic) mode.
    1. Investment objective - To offer investors capital returns similar to the returns provided by the underlying Nifty Next 50 Index.
    2. Ideal for - Investors who wish to invest in securities of Nifty Next 50 Index and achieve capital appreciation over a long duration.

    Scheme features:

    Benchmark Index

    Nifty Next 50 Index

    Total Expense Ratio

    0.2% (inclusive of GST on management fees)

    Investment Options

    Not Available

    Minimum Investment

    Directly with fund - redemption/creation in exchange of portfolio deposit and cash component in unit size creation (10,000 units)

    On the exchange - 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  5. SBI - ETF Nifty Bank - It is an open-ended exchange traded scheme and mimics the Nifty Bank Index which reflects the performance of Indian banks in the capital market. The fund is listed on the National Stock Exchange and subscription to the units can be availed only through a dematerialised mode.
    1. Investment objective - To provide an opportunity for investors to achieve returns that commensurate to the returns offered by the underlying index. The returns may slightly differ due to tracking error.
    2. Ideal for - Investors who seek appreciation of capital over a long duration and who prefer to invest in securities of Nifty Bank Index.

    Scheme features:

    Benchmark Index

    Nifty Bank Index

    Total Expense Ratio

    0.2% (inclusive of GST on management fees)

    Investment Options

    Not Available

    Minimum Investment

    Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (5,000 units)

    On the exchange - 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    High

    Fund Manager

    Mr. Raviprakash Sharma

  6. SBI ETF - BSE 100 - This is an open-ended exchange traded scheme that closely monitors the S&P BSE 100 Index and is passively managed to offer investors a cost-effective mode of investment. The fund will be listed on the Bombay Stock Exchange (BSE) and units will be available in dematerialised mode only.
    1. Investment objective - To produce maximum capital returns for the investor similar to the returns generated by the underlying index.
    2. Ideal for - Investors who wish to grow their capital over a longer duration by investing in securities of S&P BSE 100 Index.

    Scheme features:

    Benchmark Index

    S&P BSE 100 Index

    Total Expense Ratio

    0.140% (inclusive of GST on management fees)

    Investment Options

    Not Available

    Minimum Investment

    Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’(2 lakh units)

    On the exchange - 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  7. SBI - ETF Nifty 50 - This is an open-ended exchange traded scheme that tracks the Nifty 50 Index, the computation of which is done using the free float market capitalisation method. The units of the scheme can be traded on the NSE in dematerialised mode only.
    1. Investment objective - To generate capital returns that commensurate with the returns provided by the underlying Nifty 50 Index.
    2. Ideal for - Investors who wish to inflate their capital over a long term and prefer to invest in securities present in the Nifty 50 Index.

    Scheme features:

    Benchmark Index

    Nifty 50 Index

    Total Expense Ratio

    0.069% (inclusive of GST on management fees)

    Investment Options

    Not Available

    Minimum Investment

    Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (50,000 units)

    On the exchange: 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderately High

    Fund Manager

    Mr. Raviprakash Sharma

  8. SBI - ETF 10 Year Gilt - This is an open-ended exchange traded scheme that offers investors the flexibility to trade on stock exchanges, diversification, liquidity, and a cost-effective way of investment. The units of this scheme can be traded only in a dematerialised mode.
    1. Investment objective - To produce optimal returns for the investor that match the returns generated by the underlying index.
    2. Ideal for - Investors who wish to invest their capital for a medium or long term and prefer investing in securities comprising the Nifty 10 year Benchmark G-Sec Index.

    Scheme features:

    Benchmark Index

    Nifty 10 year Benchmark G-sec Index

    Total Expense Ratio

    0.140% (inclusive of GST on management fees)

    Investment Options

    Not Available

    Minimum Investment

    Directly with fund: Purchase or redemption can be done in blocks from the fund on any business day in ‘creation unit size’ (5,000 units)

    On the exchange: 1 unit and its multiples thereafter

    Entry Load

    Not Applicable

    Exit Load

    Not Applicable

    Riskometer

    Moderate

    Fund Manager

    Mr. Mahak Khabia

  9. SBI Gold Fund - This scheme has been described under equity schemes.

Eligibility for investing in SBI Mutual Fund

The below list of persons/entities are eligible to invest in the units of SBI Mutual Fund:

  • Adult individuals residing in India, either singly or jointly (cannot exceed 3 people)
  • Minors through legal guardian or parent
  • Hindu Undivided Family (HUF)
  • Non-Resident Indians (NRIs), Persons of Indian Origin (PIO) on repatriation or non-repatriation basis
  • Companies, corporate bodies, Public Sector Undertakings (PSUs), Societies registered under the Societies Registration Act, 1860
  • Partnership firms formed under the Partnership Act, 1932
  • Religious and Charitable Trusts, Wakfs or endowments of private trusts
  • Qualified Foreign Investor and Foreign Portfolio Investor
  • Financial institutions and banks (including Regional Rural Banks and Co-operative Banks)
  • Foreign Institutional Investors (FIIs)
  • Scientific and Industrial Research Organisations
  • Army, Navy, Air Force, and other paramilitary funds
  • Provident/Gratuity/Pension and other such funds as and when permitted to invest
  • International Multilateral Agencies approved by the RBI and Government of India
  • A mutual fund through its schemes including Fund of Funds schemes

Documents required for investing in SBI Mutual Fund

To invest in the schemes of SBI Mutual Fund, the investor has to complete the Know Your Customer (KYC) process. The KYC process is a one-time process which means that if the investor has completed the process earlier in the securities market, he/she need not do it again. However, if the investor has not completed the process, he/she needs to fill up the KYC application form available at the official website of the fund house or AMFI (Association of Mutual Funds of India), and from mutual fund advisors/brokers. Once the application form is filled, it needs to be submitted at any of the SEBI registered intermediaries with the below documents:

  • Identity Proof
  • Address Proof
  • Passport
  • Passport size photograph

Once the KYC process is completed, the investor can start investing in the schemes of SBI Mutual Fund provided that he/she has a Permanent Account Number (PAN) and a bank account.

How to invest in SBI Mutual Fund Online?

There are 4 ways through which investors can invest in SBI Mutual Fund - online, offline, mobile, and m-Easy app. To invest through the online mode, investors need to follow the below steps:

  • Visit the official site of SBI Mutual Fund - www.sbi.mf.com
  • Click on the ‘Invest Now’ button and then on the ‘New User’ button.
  • The investor then needs to enter his/her PAN, email ID, mobile number, and select a password.
  • Select the ‘Register’ button.
  • Once the registration is complete, investors can use the ‘New Investment’ button and start investing.

Frequently Asked Questions

  1. I am an NRI and interested to invest in SBI Mutual Fund. How do I complete my KYC formalities?
  2. Answer: Non-Resident Indians (NRIs) are permitted to invest in the schemes of SBI Mutual Fund provided they are KYC (Know Your Customer) compliant. To complete the KYC procedure, you will need to download the KYC form, fill it, and submit it at any of the servicing centres of SBI Mutual Fund. Ensure that the ‘In-Person Verification’ section of your form has been completed by a distributor of Association of Mutual Funds in India (AMFI) or National Institute of Securities Markets (NISM) or a scheduled commercial bank. The distributor should comply with the Know Your Distributor (KYD) guidelines.

  3. Can I know where and how my money is being invested?
  4. Answer: Yes, you can. It is a mandate for mutual fund houses to disclose their complete portfolios once every 6 months. The information about the portfolios is published in leading newspapers. Some fund houses also send out the information about the securities invested in, the proportion in which they have been invested in, Net Asset Values (NAV), etc., to their unit holders. Illiquid securities, Non-Performing Assets (NPAs), and investments made in debt securities (rated and unrated), are also declared by the fund houses.

  5. If I have invested in a particular mutual fund scheme and the scheme winds up, what happens to my money?
  6. Answer: You will receive a payout from the mutual fund house based on the prevailing NAV, after the expenses are adjusted, if the scheme that you have invested in is winding up. You will also receive a report containing all the necessary details of the wind-up.

  7. What is a New Fund Offer and can I invest in it? How do I know when SBI Mutual Fund launches a new fund offer?
  8. Answer: A New Fund Offer (NFO) is a new mutual fund scheme that is being launched by the fund house and it presents investors with an opportunity to invest. An NFO can also be the launch of additional units of an existing close-ended scheme that are open for subscription to investors. Any individual or entity who is KYC compliant can subscribe to NFOs. At the moment, SBI Mutual Fund does not have any NFOs but you can subscribe to alerts to get notified when the NFOs are launched.

  9. I don’t have a PAN card. Can I still invest in mutual funds?
  10. Answer: Unfortunately, no. As per the guidelines issued by the Securities and Exchange Board of India (SEBI), a Permanent Account Number (PAN) is a must for investing in mutual funds. This regulation has been passed by SEBI to reduce the risk of money-laundering and fraud while also creating a conducive environment for investors.

  11. What is a Direct and a Regular plan?
  12. Answer: Any mutual fund scheme that allows you to invest directly with the Asset Management Company (AMC) is known as the Direct Plan of that scheme. A direct plan does not involve a broker or a distributor. As per a directive issued by the SEBI, all mutual fund schemes have to offer the direct plan option to its investors as a mandate. A Regular Plan on the other hand, involves a broker/agent/distributor and hence, the expense ratio on regular plans is higher.

  13. I want to invest in a mutual fund. What are the things I should check for in the scheme information document?
  14. Answer: Always ensure that you read the scheme information document (SID) carefully to check for features of the scheme you’re investing in, the risks involved, entry or exit loads, initial issue expenses, track record of the sponsors, professional experience of the fund managers managing the scheme, and the performance of schemes launched by the fund house previously. Also, be aware of penalties imposed and pending litigations, if any.

  15. How do I get in touch with a mutual fund advisor of SBI Mutual Fund?
  16. Answer: If you have any queries or complaints about SBI Mutual Fund, you can contact them by calling their toll-free helpline at 1800 425 5425 or 022 27786551/ 022 27756501 (local charges applicable). Timings are from 8:00 a.m to 8:00 p.m, Monday to Saturday. You can also reach them via email at customer.delight@sbimf.com. You can also walk in to any of their branch offices located in your vicinity.

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News About SBI Mutual Fund

  • Experts recommend shifting a portion of their investments to arbitrage funds

    Experts in mutual funds recommend investors to shift a portion of their investments in their liquid fund portfolio to arbitrage funds as a new regulation on liquid funds could lead to returns declining by about 50 to 60 basis points. Arbitrage funds are more tax-friendly as compared to liquid funds and if they were to beat arbitrage funds, they will need to generate extra returns of 1.45%. Arbitrage funds derive benefits from the value differences between stocks and stocks futures. The Securities and Exchange Board of India (SEBI) has recently made an announcement that all debt securities having maturities beyond 30 days will have to be marked to market and to abide by the norms, many fund managers will need to tweak the portfolio durations so that the maturities are reduced to 30 days. The market regulator brought this regulation to ensure that the product returns reflect the market risks post the IL&FS (Infrastructure Leasing & Financial Services) crisis. The experts also recommend keeping the investment horizon in arbitrage funds in the range of 3 months to 6 months.

    9 April 2019

  • Stocks of ITC, Bata India, Pidilite Industries, etc., expected to deliver strong fundamentals

    The domestic equity market saw a strong closure to FY19 which is an indication of it being on track to hit new record highs. For the third consecutive financial year, the Nifty 50 index jumped by 15% while the BSE Sensex rallied by more than 17% in FY19. The Nifty50 and BSE Sensex recorded their biggest even gains since FY10 with former rallying by 1,510 points and the latter witnessing gains of 5,704. The Nifty Bank index rose by 6,163 points which has been its biggest ever gains during the year, in absolute terms. The upcoming general elections looks promising and exciting but will be dependent on how central banks respond to the global economic slowdown. Some of the stocks that are expected to deliver strong valuations and fundamentals are ITC, Bata India, Pidilite Industries, Asian Paints, Bharat Electronics, ICICI Bank, Marico, Coromandel International, EIH, and City Union Bank.

    1 April 2019

  • Nifty rallies by 987 points led by strong inflows from FIIs

    Strong inflows from the foreign institutional investors (FIIs) had led to the Nifty rallying by 987 points. FIIs have poured more than Rs.40,000 crore in February and Rs.26,000 crore in March. On 22 March, the benchmark indices saw a closure from their respective highs while some profit booking was witnessed at higher levels. FIIs had made their highest ever monthly investment in India in March 2017 when Rs.26,473.17 crore was poured. As of now, the FIIs have already made an investment of Rs.26,232.6 crore during March and if there are more investments made, it can become the best month in the history of FIIs investments.

    According to market experts, the bullish momentum is likely to continue till 23 May and some of the stocks that could offer good returns over the mid to the long term are Voltamp Transformers, Maharashtra Seamless, and Bharat Electronics. With production facilities located in Vadodara Gujarat, Voltamp Transformers has posted steady numbers for 9MFY19 when its net profit was recorded at Rs.52.67 crore. Maharashtra Seamless, the largest producer of seamless and ERW pipes in India, witnessed growth in its sales by 40% to Rs.785.88 crore. Bharat Electronics Limited designs, a Navratna company, paid a huge dividend to its shareholders, 200% for FY18 and 100% for FY19.

    25 March 2019

  • Sensex hits 6-month high due to FII inflows in March

    The S&P BSE Sensex touched a 6-month high in March due to inflows from FIIs (Foreign Institutional Investors) worth Rs.3,800 crore. This took the total on 11 March to a little more than Rs.8,000 crore. In the meantime, the rupee hit the two-month high by an advancement of 25 paise to close at 69.89 against the US dollar. The domestic equities rallied on the positive sentiments of investors in the hope that the NDA government will see a second term. Foreign investors pumped in money pushing the benchmark indices to outperform their crucial resistance levels. On 11 March, the S&P BSE Sensex closed over 37,000 for the first time since 19 September 2018. In the meantime, the Nifty 50 index reclaimed 11,100 for the first time since 21 September.

    Foreign Portfolio Investors (FPIs) were the net buyers in equity and debt in February and January 2019 when there was a purchase of Rs.13,564 crore and Rs.127 crore respectively. The change in sentiments towards the positive side has been ignited by global as well as local factors and there is a probability of the trend to continue for a while. A net amount of Rs.11,182 crore was invested by FPIs in both debt and equity in the capital markets. So far, the S&P BSE Sensex has increased by 5.4% in March while gains of 7.8% were registered by the S&P BSE Small Cap index. There has been a gain of 3.3% in the S&P BSE Sensex. In the meantime, the Bank Nifty index rose by 4.3% in March.

    12 March 2019

  • Nifty FMCG trades in green dragged by Jubilant Food; RIL and Power Grid witness gains

    The domestic benchmark indices were trading dull in the early hours of 7 March with the Nifty witnessing gains of 4% at 11,057 while with a gain of 54 points, the Sensex was trading at 36,690 level. The Nifty Metal index lost 1% dragged by Tata Steel, MOIL, SAIL, Jindal Stainless, Coal India, NALCO, JSW Steel, Hindustan Copper, and Hindalco Industries. On the other hand, few media stocks which include Zee Entertainment, Jagran Prakashan, DEN Networks, TV Today, and DB Corp, were trading in red. In the auto segment, the top losers were Ashok Leyland, TVS Motor, Motherson Sumi, Bajaj Auto, Bharat Forge, and Bosch.

    Led by Reliance Industries, HPCL, Power Grid, and Coal India, the Nifty Energy Index was up by 0.5%. In the FMCG space, the top performers were Jubilant Food, Britannia Industries, Godrej Consumer, Colgate Palmolive, and GSK Consumer. The top performers from the midcap space on the Bombay Stock Exchange (BSE) were NATCO Pharma, Glenmark Pharma, Godrej Agro, Endurance Tech, and PAGE Industries while the worst performers were DHFL, Reliance Capital, and IDFC First Bank. In the small cap space, the top performer was Khadim India which soared by 10% followed by Hotel Leela and Sunteck Realty. On the National Stock Exchange (NSE), the top gainers were Hindustan Unilever, Bharti Infratel, HPCL, and Power Grid.

    7 March 2019

  • Midcap stocks witness gains pushed by Ramco Cements; YES Bank plunges by 3%

    The domestic stock market seems to show positive signs of trading amid the softening trade tensions between China and the US. The Nifty 50 index gained 54 points to trade at 10,889 while Sensex plunged by 233 points to touch the 36,206 mark. The Nifty midcap was pushed by Indraprastha Gas, DHFL, Dish TV, Ramco Cements, JSPL, M&M Financial Services, Muthoot Finance, and NALCO. In the real estate segment, the top performers were Indiabulls Real Estate, Unitech, Prestige Estates, Oberoi Realty, and Godrej Properties. Led by Canara Bank, State Bank of India, Central Bank of India, IDBI Bank, and Punjab National Bank, the PSU banks were trading in green.

    On the other hand, stocks of IT firms were dragged to red by Tech Mahindra, Wipro, HCL Tech, and TCS. On the National Stock Exchange (NSE), the top gainers were UltraTech Cement, YES Bank, Bajaj Auto, Asian Paints, and JSW Steel while the worst performers were TCS, HCL Tech, Wipro, Bharti Infratel, and NTPC. Among the most traded stocks were Reliance Industries, HDFC, TCS, and YES Bank. In the early trading hours of 27 February, the stocks of Refex Industries, UPL, Odisha Cement, Bil Energy Systems, Power Finance Corporation, and Cantabil Retail India hit new 52-week highs.

    27 February 2019

  • Emami Shares Worth Rs.1,322 Crore Purchased by 3 Entities

    On 25 February 2019, a total of 3 entities have bought the shares of Emami Ltd. amounting to Rs. 1,322 crore via open market transactions. As per the bulk deal data that is available with the Bombay Stock Exchange (BSE), the 3 entities that have purchased a total of more than 3.72 crore shares of the Fast-Moving Consumer Goods (FMCG) company included SBI Mutual Fund, Pioneer Investment Fund, and PI Opportunities Fund I-LT. On an individual basis, the SBI Mutual Fund has purchases a total number of shares worth Rs.722.78 crore, while PI Opportunities and Pioneer Investment has bought scrips for a total amount of Rs.199.97 crore and Rs.399.98 crore respectively – making the average price for each scrip to stand at Rs.355.

    However, a total of seven entities which includes a promoter of Emami Ltd., Amitabh Goenka, have sold more than 2.3 shares in total for Rs.844 crore in separate transactions that were carried out as part of the bulk deal on 25 February 2019. Out of all the sellers, the promoter named Goenka alone managed to sell 40 lakh shares worth Rs.142 crore, which amounted to a total of 0.88% stake at company. Furthermore, the latest shareholding data which is available with the BSE has revealed that the promoter Goenka was holding as much as 1.67% stakes in the firm.

    25 February 2019

  • Number of SIP investments drop after UIDAI disallowed Aadhaar-based authentication for KYC

    The number of mutual fund investments through the SIP (Systematic Investment Plan) route seems to have dropped after the Unique Identification Authority of India (UIDAI) debarred Aadhar-based authentication to complete the KYC (Know Your Customer) norms. As per the data collated by the Association of Mutual Funds in India (AMFI), on an average, the mutual fund industry managed to add only 7.23 lakh SIP accounts each month since November 2018. At the beginning of the fiscal, the industry was able to add over 10 lakh SIPs every month. The number of investors discontinuing SIPs in FY2019 has also increased to 5.36 lakh in December 2018 to 3.99 lakh in April 2018.

    The UIDAI had, on 12 October 2018, written to the registrar and transfer agents (R&T), and some online distributors in the mutual fund industry to stop using Aadhar-based authentication for completing the KYC norms. Earlier, in September 2018, the use of Aadhar data for carrying out financial transactions was banned by the Supreme Court which meant that a PAN (Permanent Account Number) is mandatory for every investor KYC. Industry experts say that the discontinuation of Aadhar-based authentication for mutual funds is the reason behind the drop in the number of SIPs. As per the AMFI data, net inflows of the MF industry fell by 6.7% on a month-on-month basis to Rs.6,158 crore.

    19 February 2019

  • Stocks of Sun Pharma, Lux Industries, Bata, Oil India, etc., in news

    The stocks of Sun Pharma was in the news as the consolidated profit of the firm leapt to Rs.1,241.8 crore from the previous Rs.321.6 crore. The revenue of the company increased by 16.3% to hit Rs.7,740 crore from the previous Rs.6,653.2 crore on a year-on-year (YoY) basis. In the meantime, the profits of Lux Industries soared by 31.4% to Rs.24.3 crore as against the previous Rs.18.5 crore. The revenue of the firm rose by 1% to hit Rs.283.5 crore YoY. In other news, Bata India clocked a profit of Rs.103.2 crore which was a profit of 51.4% over the previous year’s profit of Rs.68.1 crore. The revenue of the company rose by 5.5% from Rs.674 crore to Rs.778.7 crore. Stocks of Oil India also remained in news as its profit jumped by 43.1% from Rs.862 crore to Rs.1,233.4 crore. The revenue of the company, however, fell by 6.1% to reach Rs.3,514 crore from the previous Rs.3,743.6 crore.

    13 February 2019

  • Listing of Spencer's Retail and CESC Ventures Off to a Moderate Start

    The 2 demerged entities of Calcutta Electric Supply Corporation (CESC), Spencer's Retail and CESC Ventures, made their debut on bourses on 18 January 2019. However, the shares of both the organisations fell by up to 5% on the same day. While the shares of Spencer’s Retail declined by 5% to stand at Rs.212.80 as opposed to an opening price of Rs.224 on the Bombay Stock Exchange (BSE), the shares of CESC Ventures was trading at Rs.531, which is 3.1% below the opening price, during the early session. Both of the companies are non-power businesses under CESC, a power generation and distribution giant.

    After receiving the approval of the National Company Law Tribunal (NCLT) under the Companies Act, all the businesses under the CESC except power were demerged. The Spencer's Retail will come under retail. Furthermore, all the other businesses of CESC except power such as real estate, Fast-Moving Consumer Goods (FMCG), and Business Process Outsourcing (BPO) will fall under the CESC Ventures. The generation and distribution demerger of the Calcutta Electric Supply Corporation (CESC) will continue to remain pending until the approval of the West Bengal Electricity Regulatory Commission (WBERC).

    25 January 2019

GST rate of 18% applicable for all financial services effective July 1, 2017.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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